310 S Elm St · LaBelle, FL 33935

$278,900

4 bd · 3.0 ba · 2,127 sqft · SingleFamily public records · 355 Days on market

Built 1975 0.42 ac lot Est $462k · 40% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +12.1/30.0
• Appreciation +10.0/10.0
• 1% rule +4.4/10.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

Key facts

• Walk-in closet
• Spa-like en-suite
• Expansive backyard

Tags

• OVERSIZED LOT
• MODERN KITCHEN
• WALK-IN CLOSET
• SPA-LIKE EN-SUITE
• EXPANSIVE BACKYARD

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association fee; Community is non-gated; Community storage amenity

Exterior

• Parking: Attached garage; 1 covered garage space; Driveway parking; Paved parking
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank sewer; Cable available
• Home design: Single-story residence; Resale property; West-facing; Ground-level entry
• Construction: Block, concrete, stucco, and wood frame construction; Shingle roof
• Exterior features: Oversized lot; Storage; East exposure; Smoke detectors

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Flooring: Laminate flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; Family/Dining room; Combined living and dining area; Split bedroom floor plan; Single-hung windows; Unfurnished
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $-60 ($-723/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (3.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (6.0% below list).
• Recommended offer: $245k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 4.8% in LaBelle — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 72/100 on livability (#324 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F, employment F.
• Hendry (town): math 35% / reading 40% proficiency, ranked #65 of 73 in FL (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 942 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 557 units permitted in Hendry County in 2024 (45 in 5+ unit buildings).
• At $2,623/mo this rent would consume 55% of the median local household income ($57k/yr) (locally 498% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Hendry County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$48k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 355 days — a 12% lower offer ($245k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $41k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $245,432 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 355 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.94% ✗
• Cap rate: 6.03%
• Cash-on-cash: -0.93%
• DSCR: 0.96
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $461,559
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 S Elm St	0.00mi	4/3.0	2,127 (0%)	0mo	$245,000	$115	100
495 Holly Ave	0.64mi	3/2.0 (-1)	1,932 (-9%)	18mo	$419,900	$217	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 2.90×
• Total profit: $148,226
• Equity at exit: $251,255

10-year hold

• IRR: 21.0%
• Equity multiple: 6.63×
• Total profit: $439,847
• Equity at exit: $541,841

Cash invested: $78,092 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33935

• Home prices YoY: 16.3%
• Active inventory: 942
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,623 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$554 /mo · $6,643/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $-60

Break-even live

Break-even rent $2,699

Max offer price $268,262

Occupancy floor 97%

Sensitivity live

Price	-10% $98	-5% $19	+0% $-60	+5% $-139	+10% $-218
Rent	-10% $-267	-5% $-164	+0% $-60	+5% $43	+10% $147
Rate	-1.0pp $80	-0.5pp $11	base $-60	+0.5pp $-132	+1.0pp $-206

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $69,725
• Closing costs: $8,367
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
335 4th Ave Labelle, FL	3.0	2.0	1710	$2,000	$1.17	25d	1	0.82mi
3020 N Lakewood Rd Labelle, FL	4.0	2.0	1499	$1,950	$1.30	25d	1	1.00mi
1250 Riverbend Dr Labelle, FL	3.0	2.0	2297	$3,370	$1.47	4d	1	1.22mi

Listing history 26 events

1. 2026-05-02
   status Pending
2. 2026-04-22
   status Active
3. 2026-04-14
   status Pending
4. 2026-03-28
   price $278,900
5. 2026-02-17
   price $289,900
6. 2025-12-08
   price $299,900
7. 2025-11-06
   price $310,000
8. 2025-05-09
   status Active
9. 2025-04-09
   historical
10. 2025-03-31
    historical
11. 2025-03-25
    listed $320,000 Active
12. 2024-10-28
    listed $320,000 Active
13. 2024-09-09
    soldstatus $300,000
14. 2024-09-06
    soldstatus $300,000 Closed 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

15. 2024-08-15
    status Pending 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

16. 2024-08-13
    price $319,900 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

17. 2024-07-25
    price $329,900 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

18. 2024-07-22
    price $339,900 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

19. 2024-07-09
    listed $345,900 Active 957-char remark

    Show marketing remark (957 chars)

    Welcome to your dream home, just 5 minutes from downtown LaBelle! This stunning 4-bedroom, 3-bathroom residence on a spacious 0.42-acre lot offers the perfect blend of suburban tranquility and urban convenience. Inside, a bright open floor plan features a large living room flowing into the dining area, ideal for entertaining. The modern kitchen quartz countertops, stainless steel appliances, and lots of cabinet space. The master suite includes a walk-in closet and en-suite bathroom with a soaking tub, separate shower, and double vanity. 3 additional bedrooms and 2 more full bathrooms provide comfort and privacy for all. Outside, the expansive backyard offers endless possibilities for gardening, play, or outdoor living. The property also includes a 1 car garage and a spacious driveway. In a peaceful neighborhood yet close to downtown amenities, this home offers the best of both worlds. Schedule a viewing today and make this house your new home!

20. 2024-05-13
    soldstatus $185,000
21. 2024-04-15
    historical
22. 2024-04-09
    price $248,000
23. 2024-04-02
    listed $250,000 Active
24. 2021-09-02
    soldstatus $168,500
25. 1981-08-01
    soldstatus $42,500
26. 1981-04-24
    soldstatus $34,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $6,643 · $554/mo
• Projected year-2 tax: $6,643 · $554/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,476
• − Mortgage interest: −$15,623
• − Property taxes: −$6,643
• − Insurance: −$1,394
• − Repairs & maintenance: −$2,518
• − Management: −$2,518
• − Depreciation: −$8,113
• Taxable loss: −$5,334
• Est. tax savings @ 24.0%: +$1,280
• After-tax cash flow: $558/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hendry
• NCES district ID: 1200780
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 40% ▼ -4.00%
• Median HH income: $37,043
• Composite: 31.16/100
• National rank: #6054
• State rank: #65 of 73 in FL

Livability — LaBelle

• Score: 72/100
• State rank: #324
• US rank: #5736

Category grades

Amenities C+ Commute F Cost of living A+ Crime C+ Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: LaBelle, FL
• County: Hendry County · 23,186 people
• City population: 23,186
• Metro: Clewiston, FL
• Population (ZIP): 23,186
• Household income: $57,009
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 498.0

Population outlook (Hendry County) Hauer SSP2

• Today (2025): 38,866 people
• By 2030: 38,558 · -0.8%
• By 2040: 37,743 · -2.9%
• By 2050: 36,117 · -7.1%
• By 2075: 30,070 · -22.6%
• By 2100: 21,966 · -43.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (56%)
• Race & ethnicity: Hispanic / Latino 56% White 39% Two or more races 21% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 40% Puerto Rican 3% Cuban 5%
• Common ancestry: Lithuanian 2% Serbian 2% Slovak 1%
• Foreign-born: 27% · Canada, Jamaica
• Languages at home: 50% English-only · Spanish 50%

Political lean MEDSL · Hendry

• 2024 margin: Solid R (+38.3) · D 30.4% · R 68.7%
• 2008→2024 swing: -31.1pp toward R · 2008: -7.2pp · 2024: -38.3pp
• All cycles: 2024: R+38.3 2020: R+23.0 2016: R+14.2 2012: R+5.9 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 75.20%
• Current HPI: 537.4928
• Rent YoY: —
• Metro: Clewiston, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+720.3% since first listed

26 events — show timeline

• 2026-05-02 Pending — FORTMLS
• 2026-04-22 Relisted — FORTMLS
• 2026-04-14 Pending — FORTMLS
• 2026-03-28 Price Changed $278,900 FORTMLS
• 2026-02-17 Price Changed $289,900 FORTMLS
• 2025-12-08 Price Changed $299,900 FORTMLS
• 2025-11-06 Price Changed $310,000 FORTMLS
• 2025-05-09 Relisted — FORTMLS
• 2025-04-09 Listing Removed — FORTMLS
• 2025-03-31 Listing Removed — FORTMLS
• 2025-03-25 Listed $320,000 FORTMLS
• 2024-10-28 Listed $320,000 FORTMLS
• 2024-09-09 Sold (Public Records) $300,000 Public Records
• 2024-09-06 Sold (MLS) $300,000 FORTMLS
• 2024-08-15 Pending — FORTMLS
• 2024-08-13 Price Changed $319,900 FORTMLS
• 2024-07-25 Price Changed $329,900 FORTMLS
• 2024-07-22 Price Changed $339,900 FORTMLS
• 2024-07-09 Listed $345,900 FORTMLS
• 2024-05-13 Sold (Public Records) $185,000 Public Records
• 2024-04-15 Listing Removed — NAPLESMLS
• 2024-04-09 Price Changed $248,000 NAPLESMLS
• 2024-04-02 Listed $250,000 NAPLESMLS
• 2021-09-02 Sold (Public Records) $168,500 Public Records
• 1981-08-01 Sold (Public Records) $42,500 Public Records
• 1981-04-24 Sold (Public Records) $34,000 Public Records

Property tax history

+18.7%/yr

Latest (2025): $6,643 · +25.6% YoY. Source: county tax records.